From Boom to Balance: Unpacking Florida’s 93% Migration Shift
The "Florida Fever" that defined the early 2020s is officially cooling. New data reveals that the Sunshine State’s net domestic migration has plunged a staggering 93% over the last three years . While the headlines might sound alarming for real estate developers, a closer look suggests we aren't seeing an exodus, but rather a market normalization . Florida is shifting from "breakneck growth" to a more sustainable, calculated pace. The Numbers Behind the Shift According to the latest U.S. Census data, Florida gained just 22,517 new residents via net domestic migration last year. To put that in perspective, look at the trajectory since the peak: Why the Slowdown? The days of "remote work from anywhere" are hitting a wall of reality. Several key factors are tempering the inbound surge: • Return-to-Office Mandates: As major corporations pull employees back to HQ, the flexibility that fueled the 2021 move-ins has diminished. • The Insurance Cris...